Corner Bakery franchising picks up pace
Since the company’s first location in 1991 to
its current 98 restaurants across the country, Corner Bakery has
grown primarily through company owned and operated
locations.
CBC was formed last year when Il Fornaio Corp, the
California-based operator of the Il Fornaio Italian restaurant and
bakery chain, acquired Corner Bakery from Brinker
International.
“We were waiting to do it right,â€
said Mike Hislop, Chairman and C.E.O. of CBC Restaurant Corp.
“Over the past several years,
we’ve invested heavily in new systems,
prototypes and product innovation to ensure a best in class
experience for our guests. After just completing our 19th straight
quarter of positive comp sales and holding the highest average
annual sales volume (almost $2.2 million) of any national bakery
cafe brand, we feel we’re in a position to move
our franchise program forward at an aggressive
pace.â€
Fast-casual dining grows
In October of 2006, CBC Restaurant Corp. launched a strategic
franchise development program designed to attract potential
franchise partners who have relevant multi-unit restaurant
experience and $3 million in non-borrowed cash available. The Rose
Group is the 39th largest franchise organization in the United
States and currently owns and operates 54
Applebee’s Neighborhood Grill & Bar units in
eastern Pennsylvania, Baltimore and New Jersey. Within the past 12
months alone, it has opened seven new Applebee’s
locations and hired more than 700 new employees.
“With an almost 20 percent growth rate in the past 4 years and no signs of slowing down, fast-casual dining is one of the fastest growing segments in our industry,†said Harry T. Rose, chairman and C.E.O. of the Rose Group. “We view this relationship with Corner Bakery Cafe as an important milestone in the growth of our company, giving us the opportunity to expand our current success into the bakery cafe concept.â€
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